Hartford Funds Expands DCIO Market Capabilities

Hartford Funds appointed Bill Dougherty as channel leader for its defined contribution investment only (DCIO) business, while introducing retirement-specific share classes for 12 mutual funds.

Dougherty joins the Hartford Funds DCIO group as a senior vice president. He now oversees the firm’s DCIO distribution team, made up of 10 professionals. In addition, he will continue to oversee distribution within the registered investment adviser (RIA), bank trust and consultant channels.

Two other senior executives also recently joined the DCIO team: John Boyd, vice president and senior national accounts manager, and Dana Hartwell, defined contribution (DC) investment national accounts manager. Boyd and Hartwell will be responsible for cultivating and establishing key relationships in the DCIO segment, the firm says.

“Bill’s leadership of the RIA, bank trust, consultant and plan sponsor teams provides an opportunity to offer a more holistic view of the DCIO opportunity across all channels,” explains Jac McLean, head of distribution for Hartford Funds. “These enhancements to our distribution model further our commitment to effectively serving these audiences.”

Hartford Funds also announced the addition of R6 share classes for a dozen funds. This structure is designed to better serve the retirement planning market, and enables consultants and plan sponsors to choose the share class that best meets their clients’ needs, according to Hartford Funds. The R6 share class will be available beginning November 7.

Among the 12 funds offering the R6 share class is the Total Return Bond Fund, which also recently added a fee waiver following management fee evaluation. Additional funds offering the R6 share class include:

  • Hartford World Bond Fund;
  • Hartford Balanced Income Fund;
  • Hartford Dividend and Growth Fund;
  • Hartford Equity Income Fund;
  • Hartford Growth Opportunities Fund;
  • Hartford International Opportunities Fund;
  • Hartford Capital Appreciation Fund;
  • Hartford MidCap Fund;
  • Hartford Small Cap Growth Fund;
  • Hartford Small Company Fund; and
  • Hartford Strategic Income Fund.

Hartford Funds is a provider of mutual funds and 529 college savings plans. The company also offers a broad range of actively managed strategies designed to provide solutions for a variety of investment needs. Visit www.hartfordfunds.com for more information.